Retirement plan

RETIREMENT PLAN OF THE IBEW LOCAL 76 RETIREMENT TRUST

Name: BOARD OF TRUSTEES, RETIREMENT PLAN OF THE IBEW - RETIREMENT PLAN OF THE IBEW LOCAL 76 RETIREMENT TRUST (2024) Form 5500
Creator: BOARD OF TRUSTEES, RETIREMENT PLAN OF THE IBEW
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN OF THE IBEW LOCAL 76 RETIREMENT TRUST, BOARD OF TRUSTEES, RETIREMENT PLAN OF THE IBEW

BOARD OF TRUSTEES, RETIREMENT PLAN OF THE IBEWEIN 91-6243526Plan #001PY 2024

1322 N. POST - SPOKANE, WA 992012520509-534-0600

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$253.9M

+14.7% from 2023

Total participants

3,334

+4.1% from 2023

Average account balance

$98,327

+11.5% from 2023

Annual return

15.21%

-3.13 pp from 2023

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$253.88M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$98K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,582

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

76.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.21%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$237

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
REHN & ASSOCIATES9 years Service code 13 · EIN 91-1008626	Contract Administrator	$208,526
JOHN HANCOCK LIFE INSURANCE COMPANY8 years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346	Recordkeeping	$165,225
TURNER, STOEVE & GAGLIARDI, P.S.10+ years Filed as: TURNER, STOEVE & GAGLIARDI, PS Service code 29 · EIN 91-1282506	Legal	$54,662
VERUS4 years Filed as: VERUS ADVISORY INC Service code 27 · EIN 91-1320111	Advisory (Plan)	$53,500
CLIFTONLARSONALLEN LLP1 year Service code 10 · EIN 41-0746749	Accounting	$38,643
WITHUMSMITH+BROWN, PC3 years Service code 10 · EIN 22-2027092	Accounting	$22,517

Plan features & details

Pension benefit codes2G2J2S

Plan features

2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$612K

$188 / participant

Recordkeeping$197K32.3%
Investment mgmt$54K8.7%
Legal$55K8.9%
Other trustee fees$7K1.1%
Contract admin$197K32.2%
Other / not subdivided$103K16.8%

% of EOY assets

0.241%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: $22,651
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,327

$241,850-59.3%

$102,412-4.0%

$199,960-50.8%

Participation rate

76.9%

78.3%-1.4pp

74.5%+2.4pp

72.0%+4.9pp

Annual return

15.21%

17.67%-2.5pp

24.94%-9.7pp

34.28%-19.1pp

Employer contribution / active EE

$1,461

$4,253-65.7%

$3,870-62.3%

$3,036-51.9%

Participant deferral / active EE

$764

$3,961-80.7%

$5,060-84.9%

$5,087-85.0%

Admin fee / account holder

$237

$288-17.7%

$8,388-97.2%

$269-11.9%

Provider

Service type

Compensation

REHN & ASSOCIATES9 years

Service code 13 · EIN 91-1008626

Contract Administrator

$208,526

JOHN HANCOCK LIFE INSURANCE COMPANY8 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 01-0233346

Recordkeeping

$165,225

TURNER, STOEVE & GAGLIARDI, P.S.10+ years

Filed as: TURNER, STOEVE & GAGLIARDI, PS

Service code 29 · EIN 91-1282506

Legal

$54,662

VERUS4 years

Filed as: VERUS ADVISORY INC

Service code 27 · EIN 91-1320111

Advisory (Plan)

$53,500

CLIFTONLARSONALLEN LLP1 year

Service code 10 · EIN 41-0746749

Accounting

$38,643

WITHUMSMITH+BROWN, PC3 years

Service code 10 · EIN 22-2027092

Accounting

$22,517

RETIREMENT PLAN OF THE IBEW LOCAL 76 RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN OF THE IBEW LOCAL 76 RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion